41.   Imperial has been reducing its shares outstanding through a series of stock buybacks.

42.   In July the company reduced the number of shares outstanding with a five for six share swap.

43.   Issuing additional shares dilutes the value of outstanding shares, generally causing their market prices to decline.

44.   Issuing new shares will dilute the earnings per share of outstanding LTCB shares.

45.   Issuing new stock dilutes the value of outstanding shares.

46.   It is also unclear whether a potential purchaser would have to make an offer for all outstanding shares.

47.   It has shrunk its outstanding shares, it has improved its operating efficiency and it is delivering a better student lending product.

48.   Issuing additional shares dilutes outstanding share value and generally brings down the price of existing shares.

49.   It will be paid only on shares outstanding before the stock split.

50.   It, too, has been rolling up outstanding shares to take full control of its Latin American subsidiaries.